What I understand from sources is that -
A Supplier Diversity program is a proactive business program which encourages the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized business, and Small Business Administration (SBA)-defined small business concerns as suppliers.
A Supplier diversity commitment benefits a company because it: Promotes innovation through the entrance of new products, services, and solutions. Provides multiple channels from which to procure goods and services. Drives competition (on price and service levels) between the company's existing and potential vendors. Also read -
I'm not fully aware of the requirements, see if the attached material would help, in case. Pardon me if this not of any help.
1st December 2018 From India, Bangalore